Private Capital Group LLC lowered its position in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 88.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,445 shares of the technology company’s stock after selling 10,605 shares during the period. Private Capital Group LLC’s holdings in Blackbaud were worth $147,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of BLKB. Fisher Asset Management LLC purchased a new position in Blackbaud during the first quarter valued at approximately $201,000. First Republic Investment Management Inc. purchased a new position in Blackbaud during the fourth quarter valued at approximately $204,000. Zeke Capital Advisors LLC purchased a new position in Blackbaud during the fourth quarter valued at approximately $213,000. Two Sigma Advisers LP purchased a new position in Blackbaud during the fourth quarter valued at approximately $217,000. Finally, GWM Advisors LLC purchased a new position in Blackbaud during the first quarter valued at approximately $233,000.
Blackbaud opened at $107.93 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.71 and a quick ratio of 0.71. Blackbaud, Inc. has a one year low of $81.64 and a one year high of $116.07. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 67.88, a P/E/G ratio of 4.58 and a beta of 0.63.
Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Monday, April 30th. The technology company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.07. Blackbaud had a net margin of 8.92% and a return on equity of 28.66%. The business had revenue of $204.18 million during the quarter, compared to analysts’ expectations of $204.29 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. equities research analysts forecast that Blackbaud, Inc. will post 2.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, May 25th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. Blackbaud’s dividend payout ratio is presently 30.19%.
In other Blackbaud news, SVP Jon W. Olson sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $105.00, for a total value of $105,000.00. Following the completion of the transaction, the senior vice president now owns 41,169 shares of the company’s stock, valued at approximately $4,322,745. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jon W. Olson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $106.00, for a total transaction of $212,000.00. Following the completion of the transaction, the senior vice president now directly owns 41,169 shares of the company’s stock, valued at approximately $4,363,914. The disclosure for this sale can be found here. In the last three months, insiders sold 14,669 shares of company stock valued at $1,535,745. Corporate insiders own 1.55% of the company’s stock.
Several equities analysts recently commented on the stock. BidaskClub raised shares of Blackbaud from a “hold” rating to a “buy” rating in a research note on Tuesday. B. Riley boosted their price objective on shares of Blackbaud from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of Blackbaud from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. ValuEngine raised shares of Blackbaud from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Blackbaud from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, March 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $103.14.
Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities primarily in the United States, Canada, the United Kingdom, and Australia. The company offers Raiser's Edge NXT and Blackbaud CRM (constituent relationship management), which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; everydayhero, a cloud crowdfundraising solution; and JustGiving, a social platform for giving.
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